South Africa Digital Patient Monitoring Devices Market Size & Outlook
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- Digital Patient Monitoring Devices Market Outlook
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South Africa digital patient monitoring devices market highlights
- The South Africa digital patient monitoring devices market generated a revenue of USD 630.3 million in 2023 and is expected to reach USD 2,733.1 million by 2030.
- The South Africa market is expected to grow at a CAGR of 23.3% from 2024 to 2030.
- In terms of segment, wearable devices was the largest revenue generating type in 2023.
- MHealth is the most lucrative type segment registering the fastest growth during the forecast period.
Digital patient monitoring devices market data book summary
| Market revenue in 2023 | USD 630.3 million |
| Market revenue in 2030 | USD 2,733.1 million |
| Growth rate | 23.3% (CAGR from 2023 to 2030) |
| Largest segment | Wearable devices |
| Fastest growing segment | MHealth |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Wireless Sensor Technology, MHealth, Telehealth, Wearable Devices, Remote Patient Monitoring |
| Key market players worldwide | GE HealthCare Technologies Inc Common Stock, AT&T, Athenahealth, Abbott Laboratories, Koninklijke Philips NV, Hill-Rom, Medtronic PLC, OMRON Corp, Fitbit, Garmin Ltd, ResMed Inc, Siren |
Other key industry trends
- In terms of revenue, South Africa accounted for 0.4% of the global digital patient monitoring devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa digital patient monitoring devices market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 2,012.6 million by 2030.
In South Africa, lifestyle diseases including cardiovascular diseases are estimated to account for almost 43% of total adult deaths. Thus, the high prevalence of heart diseases has resulted in increased demand for cardiac monitoring devices, which is pushing the market growth.
Also, around 70% of women and a third of men in South Africa are classified as overweight or obese. As a result of these factors, the demand for patient monitoring devices in South Africa has increased. This demand has led to increase in technological advancements in this field which has eased the usage of these devise and also made them, more portable.
As a result, these devices are also being used for personal use at homes, which has also positively impacted the market growth. Some major companies operating in the market are Abbott Laboratories, GE Healthcare, Boston Scientific Corporation, Johnson & Johnson and others.
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Digital Patient Monitoring Devices Market Scope
Digital Patient Monitoring Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| GE HealthCare Technologies Inc Common Stock | View profile | 51,000 | 500 West Monroe Street, Chicago, IL, United States, 60661 | www.gehealthcare.com |
| Abbott Laboratories | View profile | 114,000 | 100 Abbott Park Road, Abbott Park, IL, United States, 60064-6400 | www.abbottinvestor.com |
| Koninklijke Philips NV | View profile | 73,712 | Philips Center, Amstelplein 2, Amsterdam, Netherlands, 1096 BC | www.philips.com |
| ResMed Inc | View profile | 10,140 | 9001 Spectrum Center Boulevard, San Diego, CA, United States, 92123 | www.resmed.com |
| Medtronic PLC | View profile | 95,000 | Lower Hatch Street, 20 On Hatch, Dublin, Ireland, 2 | www.medtronic.com |
| OMRON Corp | View profile | 28,034 | Shiokoji Horikawa, Shimogyo-ku, Kyoto, Japan, 600-8530 | www.omron.co.jp |
| Garmin Ltd | View profile | 19,900 | Muhlentalstrasse 2, Schaffhausen, Switzerland, 8200 | www.garmin.com |
| Hill-Rom | View profile | 10001+ | Chicago, Illinois, United States, North America | www.hillrom.com/ |
| Fitbit | View profile | 251-500 | San Francisco, California, United States, North America | www.fitbit.com |
| AT&T | View profile | 10001+ | Dallas, Texas, United States, North America | www.att.com |
South Africa Digital Patient Monitoring Devices Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Digital Patient Monitoring Devices Market Outlook will help companies and investors design strategic landscapes.
Wearable Devices was the largest segment with a revenue share of 31.3% in 2023.
Horizon Databook has segmented the South Africa digital patient monitoring devices market based on wireless sensor technology, mhealth, telehealth, wearable devices, remote patient monitoring covering the revenue growth of each sub-segment from 2018 to 2030.
In South Africa, lifestyle diseases including cardiovascular diseases are estimated to account for almost 43% of total adult deaths. Thus, the high prevalence of heart diseases has resulted in increased demand for cardiac monitoring devices, which is pushing the market growth.
Also, around 70% of women and a third of men in South Africa are classified as overweight or obese. As a result of these factors, the demand for patient monitoring devices in South Africa has increased. This demand has led to increase in technological advancements in this field which has eased the usage of these devise and also made them, more portable.
As a result, these devices are also being used for personal use at homes, which has also positively impacted the market growth. Some major companies operating in the market are Abbott Laboratories, GE Healthcare, Boston Scientific Corporation, Johnson & Johnson and others.
- South Africa Digital Patient Monitoring Devices Market Type Outlook (Revenue, USD Million , 2018-2030)
- Wireless Sensor Technology
- mHealth
- Telehealth
- Wearable Devices
- Remote Patient Monitoring
- South Africa Digital Patient Monitoring Devices Market Product Outlook (Revenue, USD Million , 2018-2030)
- Diagnostic Monitoring Devices
- Therapeutic Monitoring Devices
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa Digital Patient Monitoring Devices Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into South Africa Digital Patient Monitoring Devices Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
South Africa Digital Patient Monitoring Devices Market, 2018-2030 (US$M)
South Africa Type - Digital Patient Monitoring Devices Market Statistics, 2023 - 2030 (US$M)
